Nearly 1000 jade lots worth Euro 60 mln sold on 8th day of Gem Emporium

Traders evaluate jade stones at the 8th day of Mid-Year Myanma Gems Emporium in Nay Pyi Taw.   Photo: Aye Than
Traders evaluate jade stones at the 8th day of Mid-Year Myanma Gems Emporium in Nay Pyi Taw.  Photo: Aye Than

The Mid-Year Myanma Gems Emporium 2019 entered its eighth day yesterday, with 975 jade lots sold for 60.968 million euros through open tenders at the Mani Yadana Jade Hall in Nay Pyi Taw.
Jade lot numbers 3912 to 5211 were put on sale yesterday. Gem merchants observed jade lots on display outside the hall, which opened at 7:30 am, and submitted their tenders. Jade lot numbers 5212 to 6511 will be sold on 24 September and lot numbers 6512 to 7811 on 25 September. A total of 1,300 jade lots will be sold each day under the open tender system.
Jade is a major source of export earnings in Myanmar.
Among other countries, China is the largest jade buyer from Myanmar, purchasing nearly 99 per cent of the total jade export. The largest jade trader groups come from China, Hong Kong, Japan, and South Korea to the Gems Emporium in Myanmar, which is held in Nay Pyi Taw twice a year. The emporium will be held until 25 September. A total of 6,865 merchants from 26 countries were invited to the emporium. — Myo Thu Hein (Photo Aye Than) (Translated by TTN)

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